Next Technology Holding Inc. (NXTT): M&A transaction — Next Technology completes $13.4M acquisition of 20% stake in Bitcoin miner Future Dao Group

Next Technology Holding Inc.

Acquired 2,000 ordinary shares of Future Dao Group Holding Limited for $13.4M.
Purchase price paid with 3.94M shares of NXTT common stock valued at $3.40/share.
Stake represents approximately 20% of Future Dao Group's outstanding share capital.
Transaction aimed at expanding Bitcoin mining holdings and cryptocurrency presence.
Company expects acquisition to be accretive to EPS and enhance revenue/profitability.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Next Technology Holding Inc. completed an acquisition involving Future Dao Group Holding Limited for $13,396,000 (closed 2024-04-17).

Action: acquisition
Counterparty: Future Dao Group Holding Limited
Consideration: $13,396,000
Closing: 2024-04-17

Exact text from the filing

the entry into such agreement under Item 1.01. Method of Payment The transaction was completed at a per share purchase price of $6,698, for an aggregate purchase price of $13,396,000. The Purchase Price was paid by issuing 3,940,000 shares of common stock of the Company at an agreed-upon valuation of $3.4 per share. Purpose and Expected Benefits The Company

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Next Technology Holding Inc. filing history →

Source: SEC EDGAR

accession 0001099910-24-000193

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